FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sets New 1-Year Low – Here’s What Happened

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) reached a new 52-week low during trading on Monday . The stock traded as low as $48.06 and last traded at $48.0550, with a volume of 12178 shares trading hands. The stock had previously closed at $48.17.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Down 0.2%

The company’s 50 day moving average price is $48.41 and its two-hundred day moving average price is $48.78.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.1861 per share. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Wednesday, July 1st.

Hedge Funds Weigh In On FlexShares Credit-Scored US Corporate Bond Index Fund

A number of institutional investors have recently bought and sold shares of the stock. Horizon Bancorp Inc. IN lifted its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% during the first quarter. Horizon Bancorp Inc. IN now owns 179,879 shares of the company’s stock valued at $8,746,000 after purchasing an additional 10,859 shares in the last quarter. Vantage Financial Partners LLC increased its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 13.4% in the fourth quarter. Vantage Financial Partners LLC now owns 71,399 shares of the company’s stock worth $3,507,000 after buying an additional 8,428 shares in the last quarter. Fiduciary Alliance LLC bought a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the first quarter worth about $442,000. Finally, Birchwood Financial Partners Inc. purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the 4th quarter valued at about $88,000.

FlexShares Credit-Scored US Corporate Bond Index Fund Company Profile

The FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of intermediate-maturity, investment-grade corporate bonds that are selected and weighted by fundamental factors. SKOR was launched on Nov 12, 2014 and is managed by FlexShares.